The company said its net profit was INR 2.06bn ($33.31) to 30 September, from INR 1.6bn a year ago.

Costs rose to INR 5bn from INR 3.82bn, while revenue reached INR 9.6bn from INR 8.39bn in 2013.

Daily earnings for its crude tankers dropped to $20,263 from $22,937 and bulkers were down at $9,337, against $15,034 last year.

But products tanker and gas carriers increased their contribution to $20,537 from $14,993.

Fixed